Texas Lawyers Blog


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Thursday, August 15, 2013

Rewards for Exposing False Books and Accounting Records: Ex-JPMorgan Chase Employees Charged Over 'London Whale' Scandal

SEC Bounty Action Whistleblowers Can Receive Large Rewards for Exposing False Books and Records, Wire Fraud, and False Regulatory Filings

Persons with evidence of false accounting records, securities fraud, insider trading, false information on SEC filings, insider trading; stock manipulation schemes, embezzlement by stockbrokers, or other securities fraud schemes, should contact a SEC Whistleblower lawyer to have their potential Bounty Action confidentially reviewed.

SEC Bounty Action Whistleblowers can work through a SEC Whistleblower Reward Lawyer to have a potential bounty action confidentially reviewed prior to exposing their identity.  This protection of a whistleblower's identity combined with large potential rewards that a whistleblower may receive for properly exposing SEC violations are intended to encourage high end financial professionals and investors to step forward and expose significant securities and investment fraud schemes.
Ex-JPMorgan Chase Employees Charged Over 'London Whale' Scandal

U.S. prosecutors have charged two former JPMorgan Chase employees, Javier Martin-Artajo and Julien Grout, for their role in the "London Whale" scandal.

The charges are a milestone in the government's response to what has been an embarrassing and costly episode for the biggest U.S. bank, which still faces the prospect of civil penalties. But it once again places the heaviest legal burden on players fairly low in the bank's hierarchy.

In criminal complaints unsealed on Wednesday morning, the Federal Bureau of Investigation accused Martin-Artajo and Grout of falsifying books and records, wire fraud and falsifying regulatory filings about bad trades in credit derivatives last year that cost JPMorgan more than $6.2 billion in losses. The FBI said it wants to arrest both men, who were also charged with conspiracy. Arrests could be challenging, as both are in Europe and out of the reach of U.S. law enforcement at the moment.

Separately, the Justice Department said another former JPMorgan employee, Bruno Iksil, known as the London Whale, had entered a "non-prosecution cooperation agreement." The government agreed not to prosecute Iksil as long as he cooperates and testifies truthfully about the trades and the alleged cover-up. Iksil has been helping the government build its case against other former JPMorgan employees, the Wall Street Journal reported on Tuesday.

SEC Fraud Whistleblower Bounty Actions Are Designed to Expose Significant SEC Violations and Provide Large Financial Rewards For People That Are The Original Source of Information That Expose The Fraud Against The SEC

SEC Fraud Whistleblower Lawsuits or SEC Bounty Actions are a product of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  These laws were designed to create bounties that can be collected by whistleblowers that properly report SEC violations, financial fraud, securities fraud, commodities fraud, and stimulus fraud that result in monetary sanctions over one million dollars ($1,000,000.00).  The SEC can award the whistleblower up to 30% of the money collected.

By creating whistleblower bounties for investors and people with specific information of fraud, it is expected that hard to detect fraud will be exposed to help regulate the financial market and prevent large investment corporations, banks, hedge funds, and other large corporations from committing financial fraud of billions of dollars.

For more information on this topic, please go to the following web page: SEC Whistleblowers Receive Rewards for Exposing False Books and Accounting Records.

Saturday, August 10, 2013

Texas Drunk Driver Crash Lawyer: Facts About Intoxicated Drivers and Texas Drunk Driver Crash Lawsuits by Texas Drunk Driver Crash Lawyer Jason Coomer

Texas Drunk Driver Crash Lawyer: Facts About Intoxicated Drivers and Texas Drunk Driver Crash Lawsuits by Texas Drunk Driver Crash Lawyer Jason S. Coomer

Alcohol is the number one killer on our roads and the most abused substance in the United States.
About three in every ten Americans will be involved in an alcohol-related vehicle collision at some point in their lives.  In 2009, there were 33,808 traffic fatalities in the United States, and the state of Texas accounted for 3,071 of those. In this same year, alcohol-impaired driving was a factor in 32% of the fatalities in the United States, and 45% of alcohol-related fatalities in Texas.  At any given time it is estimated that on the road, one out of every 100 drivers has a BAC of .10% or more.  Further, on Holidays, weekends, bar closing times, and during many special events this number increases dramatically.

One reason for the large number of drunk drivers on Texas roads are bars, night clubs, party hosts, fraternities, and restaurants that serve alcohol to customers that are already drunk.  Under Texas law a bar, night club, or restaurant that serves a drunk person alcohol can be held liable if they let that intoxicated person drive and the intoxicated person causes an automobile accident.  For more information on Texas Drunk Driver Crash Lawsuits, please read below or go to the following web pages: Texas Happy Hour Crash Lawsuits, Texas Fatal Drunk Driver Lawsuits, and Texas DWI Crash Lawsuits.

Texas Bar Drunk Driver Crash Lawsuits, Texas Happy Hour Lawsuits, Texas Drink Special Lawsuits, and other Texas Dram Shop Lawsuits

A Texas Dram Shop Lawsuit refers to Texas Bar Lawsuits, Texas Happy Hour Lawsuits, and Texas Drink Special Lawsuits where a bar, restaurant, or nightclub over serves drunk customers.  These lawsuits are against the bar, restaurant, or nightclub that violated Texas law.  More specifically, a dram shop is any drinking establishment where alcoholic beverages are sold including bars, restaurants, and nightclubs.  The term "dram shop" relates back to a time when a drinking establishment served patrons alcohol by the measurement of a dram which is one eighth of a fluid ounce.

The Texas Dram Shop Law was passed in 1987. This law allows individuals to bring civil lawsuits against a person or business who serves, sells, or provides alcohol to someone who is visibly intoxicated to the extent that he presents a clear and obvious danger to himself or others. In these Texas Bar Drunk Lawsuits the injured person or family of the person who was killed by a drunk driver need to prove where the drunk driver was drinking, the drunk driver caused the accident, that the intoxicated person was served after they were obviously intoxicated, and the intoxication was the proximate cause of the damage incurred.

In September 2004, the Texas Supreme Court clarified the law surrounding the responsibility between patrons and drinking establishments when they held in the Duenez decision that a licensed alcohol seller is jointly responsible with its patron when it provides alcohol to an obviously intoxicated patron and that patron harms another.

Texas Bar Drunk Driver Crash Lawsuits, Texas Happy Hour Lawsuits, Texas Drink Special Lawsuits, and other Texas Dram Shop Lawsuits

If you have lost a loved one in a drunk driver crash and that drunk driver was drinking and over served at a bar, nightclub, or restaurant, please feel free to submit an inquiry to Texas Bar Drunk Driver Crash Lawsuit Lawyer Jason Coomer for a Free Online Evaluation of your potential claim.